Would you like to expand your home with a new deck? Thinking about upgrading to a wood or composite deck but are worried about the long-term cost? Excellent news! A new deck construction project now may make it easier to sell your home later. But can you expect to get your money back when you sell? Crank Waterproofing takes a look at how deck construction impacts home value.
The Value of New Deck Construction
The cost of a deck depends on the size of the deck, the material used, and how much site prep is involved. In the Pacific area, a 16 x 20 composite deck with three steps to grade and railing costs an average of $26,549 according to the Remodeling 2023 Cost vs Value Report and you will recoup about 36.7% of that amount when you sell the house. In the Southern California area in particular, that deck runs $25,938 and you’ll get back 37.1% of the cost.
Build the same deck and railing with pressure-treated wood and pressure-treated joists and you save a bit of money upfront. The average is $18,291 in the Pacific region and you’ll get about 52.3% of that back in value. Homing in on South California, the average is $19,412 and you’ll see 48.2% back at sale.
So, does a new deck add value to a house? Yes, new deck construction adds value to a home and it also adds room to relax, recreate, and entertain.
Why Buyers Love Decks
Everyone loves decks. They increase a home’s usable space that’s ideal for enjoying South California weather and landscapes. But new deck construction costs only a fraction of the cost of adding a new bathroom or bedroom.
When buyers tour a home, they imagine how they will use the space. Buyers step out onto a new deck and see themselves hosting family and friends. They see hours of relaxing after work or enjoying the space on weekends. Buyers mentally place the barbeque grill and patio furniture.
Great outdoor areas help sell indoor areas. After all, who doesn’t want to be out on the deck when the weather is nice?
Cost versus Value
Building a deck that adds value to your home is a good investment whether you want to sell this year or remain put for the next decade.
New deck construction will not add more value than the construction cost. On the other hand, buyers could think twice before making an offer on your house if it has an outdated deck that needs repairs or if the home lacks a deck. Homes look better when the deck is in good condition. If you plan on living in your home for years, you’ll appreciate the deck month after month and year after year. From grilling and chilling with family and friends to sitting quietly and appreciating the outdoors, the value you get from using and enjoying your deck is priceless.
Want more information about a new deck construction, deck repair, or deck waterproofing? Call Crank Waterproofing at (949) 646-9356 or Contact Us online.
